The Liv-ex February Market Report has been published exclusively for members on our Silver package or above. The following is an extract.
Liv-ex members on our Silver package or above can access the full report here. To upgrade your package, click here or speak to your Account Manager.
*data taken on the 14th of February 2024. The FTSE 100 was last updated on the 31st of January. The Liv-ex Fine Wine 50 is updated daily.
The year began much as the last one ended, with all major Liv-ex indices recording declines in January. The Liv-ex Fine Wine 100 fell 0.3% in January, closing at 359.25. Although January marked the 10th consecutive month of decline, the fall was less pronounced than the previous month and the Liv-ex 100 was the best performer among the major indices. As of the 14th of February, the Liv-ex Fine Wine 50 (which tracks the movement of First Growths and is updated daily) dipped by 1.2% month-on-month.
Looking at the broader market, the Liv-ex Fine Wine 1000 (which tracks 1,000 wines from around the world) fell 2.2% to close at 405.48. Meanwhile, mixed performances were recorded by major financial indicators. The DAX rose by 1.2% month-on-month and the S&P 500 by 4.9%. Conversely, the FTSE 100 fell by 1.3% and the Hang Seng by 0.9%.
The start of the year saw an increase in both the number of brands (LWIN7s) and individual wines (LWIN11s) traded on the secondary market. Both trade value and volume recorded an uptick, but exposure (the value of bids and offers on the exchange) took a slight dip.
The full report contains additional Liv-ex research and analysis:
- All of the major Liv-ex indices fell once again in January.
- The Bordeaux Legends 40 recorded one of the mildest declines of the Liv-ex 1000’s sub-indices, falling 0.7% month-on-month.
- The California 50 has shown relative resilience in recent month, but its long-term bullish trend is under threat. We turned to technical analysis to identify potential future movements.
- Domaines Barons de Rothschild’s acquisition of Domaine William Fèvre puts Chablis under the spotlight – we consider what the impact of this high-profile transaction may be on the region.
- Monica Larner lauds the quality of the 2019 vintage in Brunello di Montalcino, but how will these wines’ release prices go down?
- Is it time buyers consider Château Montrose, the reliable ‘Super Second’, specifically its 2005 vintage?
Liv-ex members on our Silver package or above can access the full report here. To upgrade your package, click here or speak to your Account Manager.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 620+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £100m of bids and offers across 20,000 wines.
